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EUR falls against GBP despite fresh hopes on the Greek New Democracy’s plan to solve Greek economic crisis
The new Greek coalition brings fresh hopes that it would be able to cope with the crisis and boost the economy. New Democracy promises that its main purpose is now to repay the bailout funds. ...
EUR barely gaining against GBP due to Greek elections’ outcome over the weekend
The Euro is just barely growing against the sterling at the moment as the economic situation is Greece calmed after the Greek elections over the weekend. However, worries remain on Spain’s debt crisis and experts say the 100 billion bailout may not permanently solve the problems with the banking sector in Spain. ...
Euro grows against the Sterling on hopes of the upcoming ECB Monthly Report
Investors are awaiting the ECB Monthly Report to be released today, as it will reveal the true situation in Spain and in Greece. Meantime, the European Industrial Production was released and showed lower-than-expected activity. ...
Euro falls against the Pound due to lack of clarity on where the funds for the Spanish bailout would come from
The lack of clarity about where the funds for the Spanish bailout would come from is weighing heavily on the Euro. The single currency is also suffering from the unclear outcome from the upcoming Greek elections. ...
Pound downgrading although house prices in UK rose in May
The house prices in the U.K. rose in May as expected. ...